Jeremy Hunt warns of tax hikes, saying ‘very difficult decisions ahead’, as Prime Minister Liz Truss faces a backlash.

After Giorgia Meloni’s right-wing bloc swept to victory, is there any way back for Italy’s center-left?

Billions in new defense spending is here, but European firms don’t have the supply, coordination or speed to match the war-time demand.

He also distanced Labour from Corbyn, particularly on foreign policy, even describing the party as the “political wing of the British people” — a catchphrase from former Labour Prime Minister Tony Blair, a hate figure for the Corbynites.

U-turn On A Flagship Tax Cut

Less than a month into Liz Truss’ turbulent time as U.K. prime minister, her top colleagues are publicly questioning her approach.

‘We get it, we have listened,’ Kwarteng said.

It’s not just her disastrous mini-budget that’s had Britain’s prime minister rowing back.

Tory rebellion Grant Shapps insisted on Monday that he did now no longer need Liz Truss to be toppled as Prime Minister after the humiliating U-flip over the pinnacle price of tax.

Chancellor Kwasi Kwarteng says arguable idea to curb pinnacle fee of earnings tax had `grow to be a distraction`

Bank of England forced to issue emergency statement after UK leader’s mini-budget triggers market turmoil.